Lowe’s Companies, Inc. (LOW) Shares Sold by Hillsdale Investment Management Inc.
Hillsdale Investment Management Inc. trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,890 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Lowe’s Companies were worth $379,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of LOW. Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. Blue Edge Capital LLC acquired a new position in shares of Lowe’s Companies in the first quarter worth about $727,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after acquiring an additional 11,119 shares during the period. Summit Global Investments acquired a new position in shares of Lowe’s Companies in the second quarter worth about $1,421,000. Finally, Ffcm LLC raised its position in shares of Lowe’s Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after acquiring an additional 1,853 shares during the period. 74.38% of the stock is currently owned by institutional investors.
In related news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Several research analysts recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Stifel Nicolaus restated a “buy” rating and set a $87.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.62.
Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $79.23 on Wednesday. The firm has a market cap of $64,892.61, a PE ratio of 17.86, a PEG ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a fifty-two week low of $65.12 and a fifty-two week high of $86.25.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. sell-side analysts expect that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is currently 46.20%.
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Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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